Well Established Home Care Franchise – Greater Boston Area
MedicalFor Sale in MA
Financial & Assets Details
About the Business
A franchise re-sale of a well-established office representing an industry-leading national non-medical home care franchise company is available for sale. The company’s operational territory encompasses a large geographic region within the Counties of Norfolk, Middlesex, and Suffolk, that covers the entire local market for seniors and others with needs. The company offers affordable home care services for seniors and their families who require assistance with safety supervision, meal preparation, light housekeeping, errands and transportation, personal care, transferring, medication reminders and hospice support. The company consistently grows its client base through a well-established and highly effective marketing program and satisfied client referrals.
The company has an excellent local and national reputation in both the health care and senior care communities. In addition to receiving numerous national awards and local recognition, the company consistently receives high scores on third-party client performance reviews. The majority of the company’s revenue is generated through private pay, long-term care insurance, and back-up care through Employee Assistance Programs.
Operations and facilities: The office is well-established, serving a vast region for 6 years in a centrally located office building. In addition to the company owners, the office staff includes the following:
● Office and Recruiting Coordinator
● Staffing Coordinator
● Two after-hours On-Call Coordinators
● Marketing and Sales Manager
The office is approximately 650 SF and includes a reception area/office, and two additional offices. The office has access to a bathroom and additional rental space for expansion. There is a private parking lot with 5-7 parking spaces. Rent is $1,100/month. There is a stable 1-year lease that has been renewed every year.
Company products and services: The service market includes a number of Hospitals, Rehab Facilities, Senior Centers, Assisted Living Communities, RCFE’s (Residential Care Homes), Memory Care and Skilled Nursing Facilities. The primary market for the company is comprised of seniors who are 65 years and older and disabled adults, as well as a smaller portion of childcare. Assistance is provided for activities of daily living including but not limited to:
● Personal Assistance
● Errands and Transportation
● Meal Preparation
● Light Housekeeping
● Medication Reminders
● Safe ambulation and transfers
● Memory Care
● 24-Hour Care
This business requires no prior home care or medical experience and there is no required state licensure. Training, guidance, and ongoing support will be provided by the franchisor. The franchisor provides a robust pre-opening support at the Franchisor Training Center and online, as well as on-site and ongoing support. In addition, the seller is willing to offer assistance with the transition after the sale.
Growing Market: The home care industry is poised for exponential growth. Currently, there are more than 50 million seniors aged 65 or older in the United States. Through the end of the decade, millions of Baby Boomers will turn 65, increasing the need for service for years to come.
Tenure in the Community: The company is well-established and respected within the community. Six years of providing quality services to the region helps to generate consistent client referrals, care staff leads, internet leads and referral source leads.
Excellent Online Reputation: By providing consistent and excellent home care services in the marketplace for six years, the office has generated a significant number of positive reviews online with Google, Better Business Bureau (BBB), Facebook, Yelp, Caring.com, Home Care Pulse (HCP) and Indeed. Out of 5 stars, the office generates consistently 4.8-to-5.0-star ratings. Additionally, the office has consistently been awarded nationally by Home Care Pulse and Caring.com for providing excellent care and service.
● Team players
Creative Care Solutions
● Combined Care Services
● Diversity of Care Provided
● Employer provided Back-up care for short-term needs
Flexibility of Care
● No minimum: The company provides care down to one 3-hour shift. Most competitors require a minimum of 4-6 hours.
● Creative and flexible home care solutions for clients in hospitals, facilities or in private residences.
Community Resources and Connections: The company maintains strong and significant community partnerships with key referral sources and partners including assisted living communities, councils on aging, hospice providers, hospitals, rehab facilities, and home health agencies.
Resource Selling: Most senior care representatives are only interested in selling home care. The current company’s sales representative is a health care expert. The company’s staff understands that the services provided are critical not only for seniors, but also for physicians, nurses, facility administrators, trust attorneys, and dozens of other professionals who care for and advise seniors and families living remotely from loved ones every day. The goal of the company is to be a resource expert and create better outcomes for its clients; most of whom choose to remain in their homes.
Operations and Technology: The office uses a web-based HomeCare technology to streamline management of the office, HR, CRM, scheduling and accounting. This saves you time and money that can be better spent building your business.
Customer base: This desirable and demographically attractive senior care service market is in Norfolk and parts of Middlesex and Suffolk counties. This large senior population provides opportunities for strong expansion, as demonstrated in recent year-over-year performance.